American Apparel Inc. continues to garner new funding from the Canadian investment group that bailed the company out in April.
The trendy Los Angeles-based retailer received $1.6 million on Tuesday, according to sources, as the investment group, headed by Michael Serruya, exercised another batch of warrants that were part of the April purchase agreement that pumped a critical $14.2 million into American Apparel’s coffers and staved off a potential bankruptcy.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)